McLaren Refutes Audi Acquisition News In Official Statement, Terms Of Sale Report “Totally Inaccurate” – Technology News, Firstpost

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Following a media report claiming that the German automaker Audi had bought the British car brand McLaren, the McLaren Group released a statement refuting the news, clarifying that no sales have been made and that the report is incorrect. November 15, British trade magazine Autocar United Kingdom quoted a source said to be close to the deal, claiming that Audi had bought the McLaren Group outright in an effort to fully enter the world of Formula 1 racing. Shortly after the report was published, McLaren issued a statement defining the news as “totally inaccurate”.

“The McLaren Group is aware of a media report that claims it has been sold to Audi. This is completely inaccurate and McLaren is trying to remove the story, “the official statement read.

While Autocar UK edited its original story to include McLaren’s statement, its original tweet stating that Audi had bought the McLaren group still remains active on Twitter and has over 3,200 retweets and 5,300 likes at the time of archiving. piece.

Audi is reportedly eager to enter F1, which has been attributed as the main reason for its interest in acquiring McLaren. Image: McLaren

While brushing off the news of the Audi acquisition, McLaren said it has ongoing discussions and collaborations with “relevant partners and suppliers, including other automobile manufacturers,” but hasn’t named any of them.

“There has been no change in the ownership structure of the McLaren Group,” the statement concludes.

In response to the developments, an Audi spokesperson said Reuters, “As part of our strategic considerations, we are constantly looking for various cooperation ideas.”

Recent rumors have suggested that the McLaren Group has attracted interest from Audi and BMW, with the former eager to enter the pinnacle of four-wheel motor racing. The McLaren acquisition would have given Audi control of its second supercar brand alongside Lamborghini and could potentially lead to technology transfer and powertrain sharing.

The Volkswagen Group is said to be eager to return to F1 and is said to be pushing the Porsche and Audi group brands to find a way to the championship.

McLaren has been dealing with financial pressures of late, despite a refinancing of up to £ 500m last year. Mike Flewitt, who has been CEO of McLaren Automotive for the past eight years, also left his position in October.

McLaren is also believed to be preparing for its entry into India, having nominated Infinity Cars as its exclusive importer for our market earlier this year.

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